People on the move

Henderson New Star global financials fund manager Guy de Blonay has quit to join Jupiter. He joins Jupiter in 2010 in an advisory role before joining the financials team of Philip Gibbs and Robert Mumby.

Scottish Widows Investment Partnership has appointed Andrew Tunks as the interim director of fixed income.Tunks was head of fixed interest and macro at Old Mutual Asset Management, where he also managed the Old Mutual dynamic bond, global strategic bond and select managed funds. He left Omam in June following the group’s appointment of Stewart Cowley as the head of fixed interest and macro.

Swip has recruited Roger Webb as investment director for corporate bonds. Webb will be based at Swip’s Edinburgh office and will report to head of credit Neil Murray. Webb was head of credit portfolio management at Aviva Investors, where he managed the £1bn corporate bond fund and the £390m higher-income plus fund. It was announced he was to leave the firm in July.

RWC strategic reserve and global convertibles fund manager Miles Geldard has left the firm. Head of sales Dan Mannix says the funds continue to be managed by the team. OBSR has withdrawn the funds’ A ratings and removed them from the ratings service.

Former Legg Mason head of UK retail sales Andy McNulty has joined JP Morgan Asset Management’s regional sales team. McNulty will be a regional sales manager covering the North of England, reporting to head of UK retail distributor sales Jasper Berens. McNulty’s appointment takes JPM’s dedicated regional sales managers to seven. McNulty was made redundant from his last post at Legg Mason. He has also previously worked for Invesco Perpetual and Save & Prosper.

Mortgages

HML has brought in Martin Brook as head of finance. Brook will be based in the firm’s Skipton head office and will report to Neil Warman, chief commercial and finance officer. He will be responsible for the management of the finance function, covering all aspects of financial and management accounting and assist in commercial decision making & project evaluation.

Compliancy Services has appointed Claire Wilkinson as retail director to oversee the sale-and-rent-back arm of its business, which supports firms with the regulatory requirements.

Wilkinson has 23 years’ experience in the financial services industry across a variety of management positions. Previous roles include compliance inspector for the Mortgage Code Compliance Board, head of compliance at Mortgage Next and associate compliance director at the Regulatory Alliance of Mortgage Packagers.

Stephan Wilcke has been made chief executive of the Asset Protection Agency, replacing interim head Jeremy Bennett. Wilcke joins from credit asset manager Cairn Capital, where he was a senior adviser, having held partnership positions at private equity firm Apax Partners and financial services consultancy Oliver Wyman.

Barclays retail and commercial banking head Frits Seegers has quit after control of his commercial lending unit was handed to group president Bob Diamond after a surprise restructure.

Barclaycard chief executive Antony Jenkins will take over retail banking in the UK, Europe and emerging markets while Diamond will lead commercial banking and retain control of investment banking and wealth management.

Seegers joined Barclays in 2006 from Citigroup, where he was head of consumer banking in Europe, the Middle East and Africa.recruitment

Life and pensions

David Nish will take over from Sir Sandy Crombie as chief executive of Standard Life group from January 1, 2010.

Nish joined Standard Life in November 2006 as group finance director. Prior to that, he held senior roles at Scottish Power and was also a partner at PricewaterhouseCoopers.

To replace Nish in the interim, Standard Life has appointed deputy group finance director Jackie Hunt to the role of chief financial officer. Hunt will assume Nish’ duties until the Standard Life board confirms the appoint-ment of a new permanent CFO in due course. A formal recruit-ment process has begun.

Standard has also appointed head of corporate distribution Alan Reid to the role of corp-orate distribution director.

Reporting to managing director of distribution Paul Matthews, Reid will be respon-sible for all aspects of busin-ess-to-business distribution in the UK, with his new role focusing on group pensions and corporate benefits business to the company.

The Association of British Insurers has appointed Kerrie Kelly to replace Stephen Haddrill as director general. Kelly is currently executive director and CEO of the Insurance Council of Australia. She will take up the role in February 2010.

The ABI has also appointed Peter Jolly as assistant direc-tor for consumers and distrib-ution reform.Jolly joins the ABI from Standard Life, where he was head of distribution policy, and takes over from Alex Roy, who has left to take up a new post outside the industry.

MGM Advantage has hired Chris George as actuarial function holder and with-profits actuary.

George joins MGM from Watson Wyatt, where he was a consulting actuary for more than 30 years advising life insurers across the UK, Europe and Asia Pacific on financial reporting and M&A transactions.

Distribution

Sesame’s acquisition of Bankhall and PMS has seen a raft of new appointments as the company carries out an internal restructure.

Bankhall managing director of IFA services David Golder is now managing director of Bankhall and former PMS managing director John Malone is PMS chairman.

Golder assumes overall responsibility for developing and delivering support serv-ices for directly regulated advisory firms and Malone will continue to lead the development of PMS.

Sesame managing director for mortgages and general insurance John Cupis is now managing director of PMS while Sesame Network & Sesame Direct managing director Nick Kelly is now managing director of Sesame.

Sesame compliance director Michael Couzens will oversee compliance for the whole Sesame Bankhall Group while Sesame finance director Mark Wadeli’s role has also been extended across the group.

Skandia sales director Dave Chessel has been made redundant as part of a review of the service that the firm gives to advisers. Chessel has been at Skandia for 15 years. Chief development officer Peter Mann will take on his role. Around 100 sales roles could be at risk of redundancy as the firm is proposing to close nine regional offices in favour of a centralised support centre.

Skandia has appointed its director of sales for national accounts Steve Powell as director of corporate partners. Powell has been at Skandia for 16 years and was devel-opment director at Prolific Financial Services.

It has also appointed its UK regional director Andy Davies, who has also been with Skan-dia for 16 years, as director of adviser sales.

Chase Templeton Group has appointed Amanda Dewhurst as head of marketing and communications. Dewhurst has over 20 years of mark- eting and graphic design experience.

M&G has recruited Ben Cherrington as partnerships development manager effec-tive from January 1, 2010.

He will have head office and regional responsibility and will support a panel of M&G’s key third-party clients. He joins M&G from Henderson New Star, where he works in third-party sales.

The need for a real shake-up in long-term care has never been more apparent. Britain is undergoing a demographic transformation that will see a dramatic ageing of the population. For the first time, over-65s outnumber under-16s and by 2030 there will only be two people of working age for each person in retirement. This compares […]

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]

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